Direxion Daily S&P 500 Bull 2X ETF

Frequently Asked Questions About SPUU

What does SPUU invest in?

This Direxion ETF, known as the Daily S&P 500 Bull 2X Shares, is designed to provide daily returns that are 200% (or double) the performance of the S&P 500 Index. This objective is calculated gross of any fees and expenses. Nevertheless, it is not guaranteed that the fund will consistently achieve its stated daily investment goal.

What is the expense ratio of SPUU?

Direxion Daily S&P 500 Bull 2X ETF (SPUU) charges an expense ratio of 0.66%. This is the annual fee deducted from fund assets to cover management and operations.

Is SPUU a good long-term hold?

SPUU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does SPUU's daily reset work?

SPUU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is SPUU?

Direxion Daily S&P 500 Bull 2X ETF (SPUU) manages $254.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SPUU actively managed or an index fund?

SPUU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.